Lemonade lands further funding

Fast casual Lemonade said it has received a “significant” investment from Los Angeles-based firm Butterfly as part of a bid to boost the chain's growth.

Details of the investment were not disclosed.

"We are thrilled to be partnering with the Butterfly team, which brings a tremendous amount of industry experience and energy to the Lemonade team,” Lemonade Restaurant Group CEO Alan Jackson said in a statement. “We are confident this investment will help us continue to expand and reach new heights.”

The growth of 22-unit Lemonade has so far been limited to California; however, such an investment will likely bring the chain across state—and national—borders, as hinted in a news release.

The chain two years ago received a capital boost from private-equity firm Kohlberg Kravis Roberts.

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